Page 12 - CODIC 2017/2018 Annual Report

manaGement of the Group (as at the end of the fiscal year on 30 April 2018)

BOARD OF DIRECTORS

The Board of Directors consists of seven Directors appointed for a mandate of six years and
one Advisor to the Board, appointed for a two-year term. All may be re-elected.

The Board meets as many times as necessitated by the company’s activities and by those
of the Codic Group; in 2017-18 they met sixteen times.

Members of the Board of Directors:

Vincent Doumier SPRL Chairman and Independent Director
Represented by Mr Vincent Doumier
End of term: 2020

Mr Thierry Behiels Managing Director End of term: 2020
Mr Christofer Descours Director End of term: 2020
Mr Hervé d’Halluin Director End of term: 2020
Mr Evrard de Montgolfier Director End of term: 2020
Mr Rémy Husson Director End of term: 2020
Mr Maurice Gauchot Independent Director End of term: 2020
Mr Claude Mast Advisor to the Board

EXECUTIVE COMMITTEE

The Board of Directors appointed an Executive Committee, delegating its management
powers over the company to the committee, except for:

• the Codic Group’s general and strategic policy;
• the approval of the accounts;
• all issues reserved to the Board of Directors by law or in the statutes;
• the preparation of the annual budget and of multiannual plans;
• any investment decision involving more than 5 million euros.

The Executive Committee met seven times in 2017-2018.

It consists of six members:

Mr Thierry Behiels Chairman - CEO of Codic International
Mr Hervé Bodin CFO of Codic International
Mr Christophe Boving General Manager of Codic Hungary
Mr Christophe Jacobs General Manager of Codic Belgium
Mr Christophe Sirot General Manager of Codic France
Mr Philippe Weicker Advisor to the CEO

10 Codic Annual Report 2017/2018